AGL 38.20 Increased By ▲ 0.05 (0.13%)
AIRLINK 129.30 Increased By ▲ 4.23 (3.38%)
BOP 7.85 Increased By ▲ 1.00 (14.6%)
CNERGY 4.66 Increased By ▲ 0.21 (4.72%)
DCL 8.35 Increased By ▲ 0.44 (5.56%)
DFML 38.86 Increased By ▲ 1.52 (4.07%)
DGKC 82.20 Increased By ▲ 4.43 (5.7%)
FCCL 33.64 Increased By ▲ 3.06 (10.01%)
FFBL 75.75 Increased By ▲ 6.89 (10.01%)
FFL 12.83 Increased By ▲ 0.97 (8.18%)
HUBC 110.72 Increased By ▲ 6.22 (5.95%)
HUMNL 14.03 Increased By ▲ 0.54 (4%)
KEL 5.22 Increased By ▲ 0.57 (12.26%)
KOSM 7.69 Increased By ▲ 0.52 (7.25%)
MLCF 40.08 Increased By ▲ 3.64 (9.99%)
NBP 72.51 Increased By ▲ 6.59 (10%)
OGDC 189.18 Increased By ▲ 9.65 (5.38%)
PAEL 25.74 Increased By ▲ 1.31 (5.36%)
PIBTL 7.38 Increased By ▲ 0.23 (3.22%)
PPL 153.45 Increased By ▲ 9.75 (6.78%)
PRL 25.52 Increased By ▲ 1.20 (4.93%)
PTC 17.92 Increased By ▲ 1.52 (9.27%)
SEARL 82.50 Increased By ▲ 3.93 (5%)
TELE 7.63 Increased By ▲ 0.41 (5.68%)
TOMCL 32.50 Increased By ▲ 0.53 (1.66%)
TPLP 8.48 Increased By ▲ 0.35 (4.31%)
TREET 16.74 Increased By ▲ 0.61 (3.78%)
TRG 56.01 Increased By ▲ 1.35 (2.47%)
UNITY 28.85 Increased By ▲ 1.35 (4.91%)
WTL 1.34 Increased By ▲ 0.05 (3.88%)
BR100 10,659 Increased By 569.2 (5.64%)
BR30 31,331 Increased By 1822.5 (6.18%)
KSE100 99,269 Increased By 4695.1 (4.96%)
KSE30 31,032 Increased By 1587.6 (5.39%)

President Federation of Pakistan Commerce and Industry, Zubair Tufail has demanded that price of gas should be brought down significantly while the power tariff for the exports sector should be immediately slashed by Rs 3 per unit so that export sector can be revived as future of the country is linked with exports.
Speaking at a seminar regarding export competitiveness in the FPCCI, Zubair Tufail said that regional countries are providing incentives to their export sector. He informed that the price of gas and electricity is 50 percent less than Pakistan while their labour is also cheap.
He said that energy is cheap as compared to Pakistan in the competing countries like Sri Lanka, Indonesia and that Indian textile exports have surged by over 31 percent in one year. Former Governor of State Bank of Pakistan Dr Ishrat Hussain Professor Dr Sarosh Hashmat Lodi, Vice Chancellor, NED University of Engineering and Technology, Professor Dr Javed Ashraf, VC, Quid-e-Azam University, Islamabad, Professor Sikandar Mehdi, Senator Javed Jabbar, former federal minister, leaders of the business community and others were also present on the occasion.
Dr Ishrat Hussain said that exports play a very important role in keeping the economy stable therefore this sector should be facilitated. Reasons behind dwindled exports include cost and availability of energy, want of skilled labour and lack of interest in imparting training to the staff on the part of export industries, he said.
Dr Ishrat Hussain said that energy prices and some other reasons result in high cost of doing business which causes loss of competitiveness and retreat in the international market. Other speakers said that law and order situation also contributed to the increased cost of doing business while some conflicting policies should be rectified. Our exports are falling since 2013 while some other regional countries have doubled their exports during the same period, they added.

Comments

Comments are closed.